USD/JPY

USD/JPY has dropped over 20 pips in the Asian session to test Wednesday’s low. The pair is currently trading in the red at 104.30 as disappointing US jobs data and dovish Fed minutes have weighed over the dollar. USD/JPY could find support at 104.18 and a fall through may take it further to the support level of 104.05. On the other side, resistance could stand at 104.38 and a rise through may take it to the next resistance level of 104.53.
USDJPY-26-11-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 103.92 104.09 104.27 104.44 104.63 104.79 104.98
1 WEEK 101.78 102.71 103.28 104.21 104.78 105.71 106.27
1 MONTH 101.64 102.83 103.74 104.93 105.83 107.03 107.93

EURUSD

EUR/USD is trading at 1.1927 after hitting a new high at 1.1941 earlier in the session. The pair is already on the offensive, courtesy of the dismal US data and the dovish Federal Reserve minutes released Wednesday. Volatility will likely remain low with the US-based traders observing the Thanksgiving holiday. EUR/USD could find support at 1.1910 and a fall through may take it further to the support level of 1.1895. On the other side, resistance could stand at 1.1941, and a rise through may take it to the next resistance level of 1.1957.
EURUSD-26-11-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1836 1.1859 1.1885 1.1908 1.1934 1.1957 1.1983
1 WEEK 1.1732 1.1773 1.1813 1.1854 1.1895 1.1935 1.1976
1 MONTH 1.1322 1.1481 1.1564 1.1723 1.1807 1.1965 1.2049

GBPUSD

GBP/USD has flirted with three-month top near 1.3400 amid weaker USD and Brexit woes. Having rallied for consecutive nine-day, Cable takes a breather below 1.3400 in the London open. The US dollar’s losses seems to affect the pair amid a quiet session on Thanksgiving Day. GBP/USD could find support at 1.3356 and a fall through may take it further to the support level of 1.3325. On the other side, resistance could stand at 1.3396, and a rise through may take it to the next resistance level of 1.3416.
GBPUSD-26-11-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.3235 1.3269 1.3325 1.3360 1.3416 1.3451 1.3507
1 WEEK 1.3040 1.3101 1.3191 1.3252 1.3342 1.3403 1.3492
1 MONTH 1.2420 1.2619 1.2780 1.2979 1.3140 1.3339 1.3499

GOLD

Gold attempted a tepid recovery from near four-month troughs on Wednesday but faced rejection at higher levels and finished the day almost unchanged around $1807. The yellow metal currently treads water at $1,814 on Thanksgiving Day-quiet trading. Gold could find support at 1,805.50 and a fall through may take it further to the support level of 1,797.30. On the other side, resistance could stand at 1,822.70, and a rise through may take it to the next resistance level of 1,829.80.
Gold-26-11-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1779.60 1789.10 1797.30 1806.80 1815.00 1824.50 1832.70
1 WEEK 1800.94 1825.47 1848.94 1873.47 1896.94 1921.47 1944.94
1 MONTH 1766.55 1813.00 1846.45 1892.90 1926.35 1972.80 2006.25